GJ Town India

  The successful conclave is the need of the hour!   Update 1: The second SEZ Gem and Jewellery (GJ) Conclave that started as scheduled on March 12, with a grand glorious note at Bharat Ratnam Mega CFC in SEEPZ, Andheri. The event is graced by Chief Guest Dr P Anbalagan, IAS, Principal Secretary, Industries, Government of Maharashtra.   GJEPC leadership, including Kirit Bhansali, Chairman; Shaunak Parikh, Vice Chairman; Suvankar Sen, MD, Senco Gold & Diamonds, Adil Kotwal, Core working Group, Colin Shah, Core Working Committee, Bharat Ratnam Mega CFC and Sabyasachi Ray, Executive Director, GJEPC are present along with other dignitaries from the gem and jewellery industry. At the Second edition of SEZ GJ Conclave, Chairman Kirit Bhansali, welcome the fraternity and delivered the welcome note. Kirit Bhansali also highlighted Laboratory Grown Diamonds (LGDs).  He remarked, India is the center for developing CVD. He insisted on Perfection. He said, Perfecti...

  Endeavour to include IJP in the harmonised infrastructure list   The leadership of the GJEPC met with the Finance Minister, Nirmala Sitharaman, to discuss pressing issues and the way forward for the gem and jewellery industry. The discussions focused on the inclusion of India Jewellery Park (IJP), Mumbai in the harmonised infrastructure list to accelerate industry growth.   In a detail of the IJP, it is known that then Chairman Gem & Jewellery Export Promotion Council (GJEPC), Vipul Shah had said, “The first-of-its-kind India Jewellery Park (IJP) Mumbai’s construction will commence this month.”   He said at the juncture of 17th IIJS Signature 2025. By adding Vipul Bhai said, “Phase 1 of India Jewellery Park Mumbai, including the A1, A2, and A3 buildings spanning approximately 9 lakh square feet will be ready for procession by December 2026. In the row, Deependra Singh Kushwah (IAS) Development Commissioner Industries Government of Maharashtra, sai...

  Also announces, Shaunak Parikh as Vice Chairman & CoA   Gem & Jewellery Export Promotion Council (GJEPC), the country’s apex nodal trade body, announced the appointment of Kirit Bhansali as Chairman; Shaunak Parikh as Vice Chairman and announced the constitution of new Committee of Administration (CoA) after the completion of the CoA Election 2024.    Kirit Bhansali, Chairman, GJEPC, said, “Our vision is to drive transformative growth for India’s gem and jewellery industry through strategic initiatives, innovative projects, and collaborative efforts.    From advancing flagship projects like the India Jewellery Park in Mumbai and the Gem Bourse in Jaipur to expanding our global footprint with initiatives like Saudijex in Saudi Arabia and IJEX Dubai, we aim to position India as a global leader in technology, design, and manufacturing.    Together, we will strive to achieve the ambitious export target of USD 100 billion by 2...

Pivotal GJ industry in making economy India: Amruta Fadnavis    IIJS Signature 2025 is organised from 4th to 7th January 2025 at Jio World Convention Centre (JWCC) and from 5th to 8th January at Bombay Exhibition Centre (BEC), NESCO, Goregaon, and Mumbai    The first-of-its-kind India Jewellery Park (IJP) Mumbai’s construction will commence this month, announced Vipul Shah, Chairman, Gem & Jewellery Export Promotion Council (GJEPC) during the inauguration of the 17th edition of India International Jewellery Show (IIJS) Signature gem & jewellery (GJ) trade show at Bombay Exhibition Centre (BEC), NESCO, Goregaon East. Phase 1 of India Jewellery Park Mumbai, including the A1, A2, and A3 buildings spanning approximately 9 lakh square feet will be ready for procession by December 2026.    IIJS Signature's grand inauguration at Goregaon Mumbai, was graced by Chief Guest Amruta Devendra Fadnavis, Banker, Singer & Social Worker; along with Guests of Hon...

GJEPC has prepared a list of FAQs on the Safe Harbour Rule!   Vipul Shah, Chairman, GJEPC, met with Finance Minister (FM) Nirmala Sitharaman during a pre-budget consultation held in Delhi. During the meeting, Shah presented key recommendations on behalf of the gem and jewellery industry, aimed at fostering growth, enhancing global competitiveness, and addressing the industry's critical challenges.   Vipul Shah, Chairman, GJEPC said, "We thank the Hon’ble Finance Minister for reducing the import duty on precious metals in the last budget, a move that has spurred unprecedented growth in the sector. This is evident from the multiple stock market listings of family-run jewellery businesses, the expansion of major retailers overseas, and the planned opening of 3,000 retail outlets in the next two years, creating lakhs of employment opportunities across the country."   Shah further added, “We also thank FM for introducing Safe Harbor Rule for sale of rough diamonds ...

Signing ushers commencement of work for India Jewellery Park The Gem & Jewellery Export Promotion Council (GJEPC) and the Government of Maharashtra marked a significant milestone with the official signing of a Memorandum of Understanding (MoU) during the World Economic Forum 2024. The agreement paves the way for the development of India’s first and largest Jewellery Park in Navi Mumbai. The MoU was signed by Hon’ble Chief Minister of Maharashtra Eknath Shinde and GJEPC Chairman Vipul Shah in the presence of Uday Samant, Hon’ble Minister of Industries; Dr. Harshdeep Kamble, IAS, Principal Secretary of Industries; Shrikant Shinde, Member of the Lok Sabha; Bhushan Gagrani, Principal Secretary, Urban Development Department, and Vipin Sharma, CEO, MIDC; Kirit Bhansali, Vice Chairman, GJEPC and Sabyasachi Ray, Executive Director, GJEPC. Hon’ble Chief Minister of Maharashtra, Eknath Shinde, in his remarks on the MoU with GJEPC, expressed, “Maharashtra has consistently been a leader in tra...